Prior to september 30, a company has never had any treasury stock transactions. a company repurchased 1,000 shares of its $2 par common stock on september 30 for $20 per share. on october 2, it reissued 400 of these shares at $21 per share. on october 12, it reissued the remaining 600 shares at $19 per share. the journal entry to record the purchase of the shares on september 30 would be: a) debit cash, $8,400, credit treasury stock, $8,000, credit paid-in capital in excess of par value, common stock, $400.b) debit treasury stock, $20,000; credit cash, $20,000.c) debit cash, $20,000; credit common stock, $2,000, credit paid-in capital in excess of par value, common stock, $18,000.d) debit cash, $20,000; credit treasury stock, $20,000.e) debit common stock, $20,000; credit cash, $20,000.

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken

Which of the following results from the latest decision round is most important in providing guidance to company managers make in strategic moves and decisions to improve their companies competitiveness and rank among the top-performing companies in the current decision round